InfuSystem Holdings, Inc. (NYSE:INFU – Get Free Report) CFO Barry Steele acquired 2,064 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $9.16 per share, with a total value of $18,906.24. Following the transaction, the chief financial officer owned 88,000 shares of the company’s stock, valued at approximately $806,080. This trade represents a 2.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
InfuSystem Price Performance
Shares of INFU stock traded up $0.52 during mid-day trading on Monday, hitting $9.29. 259,851 shares of the stock were exchanged, compared to its average volume of 142,969. InfuSystem Holdings, Inc. has a 52-week low of $4.61 and a 52-week high of $11.04. The company has a quick ratio of 1.59, a current ratio of 1.98 and a debt-to-equity ratio of 0.50. The company has a market cap of $188.92 million, a PE ratio of 154.86 and a beta of 1.67. The firm has a fifty day moving average of $8.41 and a 200 day moving average of $9.32.
Analyst Ratings Changes
Separately, Roth Mkm reissued a “buy” rating and issued a $15.00 price target (up from $14.00) on shares of InfuSystem in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, InfuSystem presently has a consensus rating of “Buy” and a consensus price target of $15.00.
Institutional Trading of InfuSystem
Institutional investors have recently made changes to their positions in the company. CWM LLC raised its stake in InfuSystem by 1,160.1% in the 2nd quarter. CWM LLC now owns 4,826 shares of the company’s stock valued at $30,000 after purchasing an additional 4,443 shares during the last quarter. Quarry LP purchased a new stake in shares of InfuSystem during the fourth quarter worth $31,000. Raymond James Financial Inc. acquired a new stake in shares of InfuSystem in the second quarter valued at about $33,000. Virtu Financial LLC acquired a new stake in shares of InfuSystem in the fourth quarter valued at about $90,000. Finally, LPL Financial LLC purchased a new position in shares of InfuSystem in the fourth quarter worth about $92,000. 71.13% of the stock is owned by institutional investors and hedge funds.
About InfuSystem
InfuSystem Holdings Inc is a medical technology company that specializes in the rental, management and servicing of infusion pumps and associated devices used primarily for outpatient infusion therapy. The company provides a comprehensive suite of services that includes equipment delivery, setup and retrieval, preventive and corrective maintenance, reprocessing and quality assurance. InfuSystem’s offerings are designed to help hospitals, ambulatory surgery centers, oncology clinics and private infusion suites streamline clinical operations and maintain compliance with safety standards.
In addition to pump rental and repair services, InfuSystem has expanded into remote patient monitoring solutions.
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